Ecomiam: 2023/24 half-year results in line with the roadmap

ecomiam, the third specialized distributor of frozen products in France, has published its 2023/24 half-year results. Store turnover reached €21.1 million, down 4.8% compared to the previous year.

The company continued its rationalization efforts with the closure of ten unprofitable stores and the opening of three new points of sale. The recovery strategy is showing encouraging signs, including an increase in store traffic.

The gross commercial margin is €7.9 million, representing 37.5% of turnover. Structural costs have been reduced, in particular thanks to a reallocation of advertising budgets.

The consolidated operating result improved slightly to -€1.2 million, compared to -€1.4 million over the previous period, supported by strict cost management and effective loyalty actions.

For the remainder of the financial year, ecomiam anticipates an improvement in its gross margin and aims to return to operating profitability in the second half of 2023/24.